bulbs.com Records Revenue Growth Over 50% in 2005
Continued Focus on Operations and Sales Force Expansion Paves the Way for Record Performance
Worcester, Mass., —March 6, 2006 —bulbs.com, a privately held e-commerce light bulb supplier, announced record revenues for the 4th quarter of 2005 contributing to annual growth of 52.5% versus 2004. The accomplishment of several strategic objectives including the doubling of the sales staff, addition of new product lines and improvements to operations all contributed to revenue growth and to earnings closing ahead of projections.
“The Management Team set a very aggressive plan for 2005 and worked tirelessly to meet or exceed nearly every target”, said CEO Steven Rothschild. He added, “Our growing sales organization continues to build their knowledge base and their ability to effectively guide clients in making choices for lighting their businesses. We have added several key product lines and suppliers for light bulbs, ballasts, light fixtures and recycling allowing us to fulfill our customer promise of being The Web’s #1 Light Bulb Superstore”.
According to Wendy Rose, Vice President of Operations and Administration, “a key strategic partnership with DHL has enabled us to improve shipping times while reducing delivery costs”. “ DHL’s service philosophy is closely aligned with ours. We ship nearly 10,000 packages per month through their system knowing that orders will arrive on time and intact”.
“Last year at this time we were adding 1,000 new business clients per month. We are now adding over 1,400 clients per month and, as importantly, we’ve maintained a client retention rate in excess of 70%”, explains Mike Connors, Vice President of Sales & Marketing. Connors continued, “We recently added our 40,000th commercial client and we ship to over 100,000 business locations throughout North America. By year end bulbs.com will be servicing in excess of 55,000 businesses”.
About bulbs.com
bulbs.com, headquartered in Worcester, Mass. is the only online light bulb supplier to offer an easy, complete purchasing process with the eSpec searchable database and BulbTrack™ smart reordering technology. Launched in August 1999, bulbs.com offers over 3,500 light bulbs, ballasts and light fixtures used to light commercial and residential properties. Specialty bulbs designed for use on medical apparatus, germicidal equipment and airfield runways are also offered. The bulbs.com Lighting Call Center is staffed by a team of Lighting Specialists trained to guide end users in selecting lighting solutions that optimize light output and energy efficiency. A flat shipping fee of $7.90 per order is charged; orders entered by 2:00 PM Eastern, ship the same day. The company is located at 40 Jackson Street, Worcester, Mass., 01608, and can be reached by telephone at 508-363-2800 or on the Web at www.bulbs.com.
Michael Connors
bulbs.com
508-363-2800 ext. 101
mconnors@bulbs.com
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